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    MarketForces Africa » MarketForces News » Ginger Blight: Nigeria Ginger Farmers Lost N12bn in 2023 – Minister

    Ginger Blight: Nigeria Ginger Farmers Lost N12bn in 2023 – Minister

    Julius AlagbeBy Julius AlagbeAugust 22, 2024 News No Comments3 Mins Read
    Ginger Blight: Nigeria Ginger Farmers Lost N12bn in 2023 – Minister
    Sen. Aliyu Abdullahi
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    Ginger Blight: Nigeria Ginger Farmers Lost N12bn in 2023 – Minister

    Federal Government says that Nigerian Ginger farmers incurred losses amounting to N12 billion due to the disastrous disease epidemic that destroyed their crops in 2023.

    Sen. Aliyu Abdullahi, Minister of State for Agriculture and Food Security, stated this at the Agricultural Insurance train – the – trainer workshop on Thursday in Abuja.

    He highlighted the incidences of the 2023 wet farming season, where ginger farmers in Kaduna suffered immensely from the outbreak of the ginger blight disease.

    Abdullahi said that the farmers lost over 90 per cent of their total harvest for the season.

    ” Only a few of those ginger farmers who took our insurance protection received monetary compensation for their harvest losses.

    ” These set of farmers could boast of returning to their farms without little or no financial assistance, unlike their uninsured counterparts who had to dip into their meagre savings to be able to continue farming.

    ” That is some food for thought and something that we all have to bear in mind; as we are at all times one or two bad harvest seasons away from losing our food supplies,” he said.

    Abdullah said that the 2024 flood outlook released by the ministry of water resources and sanitation, has alerted 148 Local Government Areas (LGAs) in 31 states as high flood-risk areas.

    He said that the report in the first quarter of the year, said that 249 LGAs in 36 states and the FCT fall within moderate flood-risk areas.

    ” In simple terms, 397 LGAs out of the total 774 LGAs in Nigeria, representing over 51 per cent of our farming areas, are at risk of flooding.

    ” We are witnessing the clear and present existential threats of climate change and its impact on our local food systems,” he said.

    Abdullahi said plans were on by the ministry to partner with NAIC, and PULA Advisors to incorporate Agricultural Insurance into the National Agricultural Growth Scheme Agro- Pocket (NAGS-AP) programme.

    He said it was evident that climate change was real and it had become inevitable to integrate insurance as a key component of the NAGS programme, to ensure sustainability and food security.

    The minister said that the NAGS-AP programme which commenced in the 2023 dry season with wheat cultivation had resulted in bountiful harvest. #Ginger Blight: Nigeria Ginger Farmers Lost N12bn in 2023 – Minister

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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